LeGenD
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Who benefits from exhorbitant oil prices?Someone is already feeling the pressure!
Saudis have gone too far in their cajoling of west, they need someone to walk them through out of hole. For Iran, they needs to support this initiative as in long run, this will end a lot of leverages America got over SA. Patience is the key.
Answer: OPEC billionnaires.
Who suffer from exhorbitant oil prices?
Answer: much of the world.
US attempted to break monopoly of OPEC with Shale Revolution and provided much relief to the entire world (cost of fuel went down even in Pakistan), but OPEC have found a way to manipulate global macro-economics once again. This is not good.
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I tell you one thing: US - Saudi relations have a stabilizing effect. Should this relationship go down the drain, we will see REAL WAR in which billion+ will die. And Pakistan won't be standing either.
Allah Almighty stabilizes this world in ways which many simply do not understand. Countries should be careful in how they maneuver, in current times.
Saudi aren't stupid by the way. They are trying to diversify their economy which make sense because Saudi understand that OPEC is trouble in the long-term. FYI: https://www.theguardian.com/world/2...ves-ambitious-plan-to-move-economy-beyond-oil
Saudi joining CPEC is good for Pakistan, and also a step towards its own economic diversification.
Saudi - Iran alliance? Forget it.
Iran in significant trouble.
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